Bunge Global SA (NYSE:BG) shareholders are probably feeling a little disappointed, since its shares fell 2.1% to US$88.54 in the week after its latest full-year results. Bunge Global reported US$60b in revenue, roughly in line with analyst forecasts, although statutory earnings per share (EPS) of US$14.87 beat expectations, being 9.4% higher than what the analysts expected. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.

See our latest analysis for Bunge Global

Taking into account the latest results, the eleven analysts covering Bunge Global provided consensus estimates of US$56.6b revenue in 2024, which would reflect a small 5.0% decline over the past 12 months. Statutory earnings per share are expected to plunge 38% to US$9.52 in the same period. Before this earnings report, the analysts had been forecasting revenues of US$58.2b and earnings per share (EPS) of US$11.23 in 2024. The analysts seem less optimistic after the recent results, reducing their revenue forecasts and making a real cut to earnings per share numbers.

It'll come as no surprise then, to learn that the analysts have cut their price target 5.9% to US$118. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. Currently, the most bullish analyst values Bunge Global at US$141 per share, while the most bearish prices it at US$90.00. These price targets show that analysts do have some differing views on the business, but the estimates do not vary enough to suggest to us that some are betting on wild success or utter failure.

Of course, another way to look at these forecasts is to place them into context against the industry itself. We would highlight that revenue is expected to reverse, with a forecast 5.0% annualised decline to the end of 2024. That is a notable change from historical growth of 11% over the last five years. By contrast, our data suggests that other companies (with analyst coverage) in the same industry are forecast to see their revenue grow 2.5% annually for the foreseeable future. So although its revenues are forecast to shrink, this cloud does not come with a silver lining - Bunge Global is expected to lag the wider industry.